Multiple Choice
The most expensive method for determining finance charges on revolving credit would be the:
A) average daily balance (ADB) method including new purchases.
B) average daily balance (ADB) method excluding new purchases.
C) annual percentage rate (APR) method including new purchases.
D) annual percentage rate (APR) method excluding new purchases.
E) annual percentage rate (APR) method excluding new purchases for student cards.
Correct Answer:
Verified
Correct Answer:
Verified
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